Nutrien (NYSE:NTR) Price Target Lowered to $55.00 at Piper Sandler

Nutrien (NYSE:NTR) had its price target trimmed by Piper Sandler from $56.00 to $55.00 in a report published on Tuesday, Benzinga reports. The firm currently has an underweight rating on the stock.

Other equities analysts have also issued research reports about the company. Wolfe Research started coverage on Nutrien in a research report on Friday, March 1st. They issued an outperform rating and a $66.00 price target on the stock. TD Securities reduced their price objective on Nutrien from $75.00 to $67.00 and set a buy rating on the stock in a research note on Tuesday, February 20th. Scotiabank decreased their price objective on shares of Nutrien from $67.00 to $66.00 and set an outperform rating for the company in a report on Monday, May 13th. Royal Bank of Canada dropped their target price on Nutrien from $75.00 to $70.00 and set an outperform rating on the stock in a research report on Friday, February 23rd. Finally, HSBC cut their target price on shares of Nutrien from $63.00 to $57.00 and set a hold rating for the company in a research note on Friday, March 8th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $66.28.

Nutrien Stock Performance

Shares of NYSE NTR opened at $51.22 on Tuesday. The firm’s 50-day moving average price is $55.29 and its 200-day moving average price is $53.92. Nutrien has a 52-week low of $47.90 and a 52-week high of $69.12. The company has a quick ratio of 0.53, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. The company has a market cap of $25.33 billion, a PE ratio of 29.95, a PEG ratio of 1.68 and a beta of 0.87.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.34 by $0.11. The firm had revenue of $5.39 billion during the quarter, compared to analyst estimates of $5.38 billion. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. As a group, analysts anticipate that Nutrien will post 3.9 EPS for the current year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Friday, June 28th. Nutrien’s dividend payout ratio is currently 126.32%.

Institutional Trading of Nutrien

Several hedge funds and other institutional investors have recently bought and sold shares of NTR. GoalVest Advisory LLC bought a new stake in shares of Nutrien in the 1st quarter valued at about $35,000. Exchange Traded Concepts LLC increased its holdings in Nutrien by 904.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock valued at $42,000 after purchasing an additional 678 shares during the period. Evolution Advisers Inc. purchased a new stake in Nutrien in the 4th quarter worth approximately $49,000. Covestor Ltd raised its holdings in shares of Nutrien by 33.3% during the first quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after acquiring an additional 233 shares in the last quarter. Finally, CVA Family Office LLC bought a new stake in shares of Nutrien during the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.